BUZZ-MongoDB rises as software firm expects Q3 results above forecasts, appoints new CEO

Reuters
Nov 03
BUZZ-MongoDB rises as software firm expects Q3 results above forecasts, appoints new CEO

** Shares of database software firm MongoDB MDB.O rise 4.8% to $377.67

** MDB names Chirantan Desai, Cloudflare's product and engineering head, as the new chief executive officer

** Desai will succeed Dev Ittycheria, who is stepping down after more than 11 years at the helm

** Co says it expects to exceed the high end of its Q3 FY26 outlook ranges

** As of last close, stock up ~55% this year

(Reporting by Jaspreet Singh in Bengaluru)

((Jaspreet.Singh@thomsonreuters.com ; https://twitter.com/i_jass))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10